Us President Donald Trump Speaks in the Oval Office, On the Day He Signs Executive Orders, At the White House in Washington, DC, Us March 6, 2025.
Evelyn Hockstein | Reuters
Us President Donald Trump Expeded His Tariff Pause to Goods Coming in from Canada and Mexico, so long as they satisfy terms of the united states-cana-canada agreements, A TRADE Deal BetWENA ALEL CANDACO
Unlike Trump’s Wednsday Reprieve to Automakers, which bumped up stocks, investors weight relief this time. All Major Us Benchmarks Sank, with the Nasdaq Composite Limping Into Correction Territory and Losing Its Post-Election Trump Bump.
That might be because the trump administration seems to be doubling on tarifs, even as it acknowledges – and disheses – the repercussions of such.
Trump brushed off the idea that he’s watching the markets, causing dismay in investors who were banking on the “trump put,” the idea that the current president would prevent a steep Drop in the stocks. Meanwhile, US Treasury Secretary Scott the Idea of the idea of ”cheap goods” as integral to the “American dram.”
What you need to know today
Tariff pause on some goods
Goods Imported into the US from Canada and Mexico, and which are Compliant with the North American Trade Agreement Known as the USMCAwill be temporarily excluded from us president Donald Trump’s 25% Tariffs on Both Countries, A White House Official Told Reportors CHUSDAY. That covers Around 38% of Canadian Imports and 50% of Mexican Ones, According to another official. The reprife will last until April 2.
Exports Growth in China Slows
China’s expenses in the January to February Period Rose 2.3% In us dollar terms from a year earlier, significantly underarshooting expectations of a 5% increase in a reuters poll. It’s also much lower than the growth of 10.7% in DecemberSeparately, China’s Minister of Foreign Affairs Wang Yi Said The US Should Not Impose “Arbitrary tarifs” or return goodwill with hostality, and he Emphasized that Two Country be part of the world for a long time, requiring “PEACEFUL Coexistence,
Us Creates Strategic Bitcoin Reserve
Trump Signed an Executive Order on Thursday Creating A Strategic Bitcoin ReserveWhite House Crypto and AI Czar David Sackers Wrote in a post on x That the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeitture cases. Additionally, the order estybles a US digital asset stockpile, managed by the treasury department, to hold Other confiscated cryptocurrency. Bitcoin prices fell to as low as $ 84,688.13 on the news, as investors were disappointed by the Us not having plans to purchase the currency,
‘Not even looking at the market’: trump
When asked on Thursday wheether the decision to pause tarifs on many products from canada and mexico for one month was because of the stock market, trump said it Had Head Head Head Hey’s “Not even looking at the market. “He added that in the long term” the united states will be very strong with what is happy
Us Treasury Secretary Dismisses ‘Cheap Goods’
Us Treasury Secretary Scott Bessent on Chirsday Said during a speech to the Economic Club of New York That “Access to cheap goods is not the essence of the american dream. Around the world, and as “the third leg to the stool” as Trump “Uses it for Negotiating.”
More Layoffs Than during Pandemic Era
Us Employees Announced 172,017 Layoffs For February, up 245% from the Previous Month and The Highest Monthly Count Since July 2020 during the covid pandemic, outplacement firm challenger, Gray & Christmas Reported Thurse. More than one-third of the total came from billionaire elon musk’s efforts, with trump’s blessing, to slash the federal headcount. Challenger put the total of announced federal job cuts at 62,242.
Markets Grow Tired of Tariff Changes
Us stocks tumbled chursday on tariff flip-foot fatigue. The S & p 500 Fell 1.78% and the Down jones Industrial Average Lost 0.99%. The Nasdaq composite Slumped 2.61% to enter correction territory, meaning it has fallen 10% from a recent high. The tech-heavy index has also also wiped out all its post-election gainsOn Friday, Asia-Pacific Markets Tracked Wall Street LowerJapan’s Nikkei 225 dropped 2.25% as yields on long-term japan government bonds rose to their highhest level since 2008.
European Central Bank Cuts Rates
The European Central Bank on Try Cut Interest Rates by 25 Basis Points And updated the language in its decision to say Monetary policy was batcoming “meaningly Less Restrictive.” The cut brings the eCB’s deposit facility rate, its key rate, to 2.5% – a movement ECB President Christine Lagarde Said No Governing Council Members Opposed The Cut, but One Central Bank Governor Abstained.
(Pro) Semi ETF Forms Dreaded Pattern
The early part of 2025 has not ben kind to semiconductor stocks. An Etf Tracking a Basket of Semiconductor Companies is DOWN DOWN DILE DIGITS in the Past Month, In Contrast to Its 38.5% Jump in 2024. The SEMICONDUCTOR ETF’s Latest Movement Has Formed a dreaded chart pattern – The first time it’s don so in more than two years – which would signal more trust ahead.
And finally …
Traders Across the Globe are Monitoring Updates to Us President Donald Trump’s Trade Policy.
Spencer Platt | Getty Images
Global Bonds Sell Off as Investors React to Trump’s Tarifs and a German ‘Paradigm Shift’
Government Borrowing costs rose across the globe on Thursday. Yields on German Government Bonds Skyrocked on Wednsday, with the Yield on the 10-Year Debt Instruments Adding Around 30 Basis Points. The 10-Year Bund Yield, Seen as a Benchmark for the Wider Euro Zone, Rose at the Start of Thursday’s Trading Session Before Trending Lower.
Deutsche bank research strategist jim reid said in a note to clients on Thursday morning “There’s no doubt that markets are pricing in an once-in-generation policy regime
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